IBM (IBM) to Release Quarterly Earnings on Tuesday

IBM (NYSE:IBM) is scheduled to be announcing its earnings results after the market closes on Tuesday, January 22nd. Analysts expect the company to announce earnings of $4.85 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Shares of NYSE:IBM opened at $123.82 on Monday. The stock has a market cap of $112.53 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 1.79 and a beta of 1.14. IBM has a 1-year low of $105.94 and a 1-year high of $168.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.26.

IBM announced that its Board of Directors has authorized a stock buyback program on Tuesday, October 30th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 3.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

In other news, Chairman Virginia M. Rometty purchased 8,500 shares of IBM stock in a transaction on Friday, November 2nd. The stock was purchased at an average price of $117.51 per share, with a total value of $998,835.00. Following the transaction, the chairman now directly owns 11,368 shares in the company, valued at approximately $1,335,853.68. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sidney Taurel purchased 4,311 shares of IBM stock in a transaction on Wednesday, October 31st. The shares were purchased at an average cost of $115.02 per share, with a total value of $495,851.22. Following the transaction, the director now owns 19,987 shares in the company, valued at $2,298,904.74. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

A number of brokerages have recently commented on IBM. Wedbush lowered their price target on IBM from $185.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, October 18th. Zacks Investment Research raised IBM from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $155.00 price target on shares of IBM in a research note on Monday, October 29th. BMO Capital Markets reaffirmed a “hold” rating and issued a $145.00 price target on shares of IBM in a research note on Friday, December 7th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $140.00 price target on shares of IBM in a research note on Wednesday, January 16th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $159.18.

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About IBM

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a computing platform that interacts in language, processes big data, and learns from interactions with people and computers. This segment also offers data and analytics solutions, including analytics and data management platforms, cloud data services, enterprise social software, talent management solutions, and tailored industry solutions; and transaction processing software that runs mission-critical systems in banking, airlines, and retail industries.

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Earnings History for IBM (NYSE:IBM)

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